Professional Office/Medical

Office for Sale
Catylist Listing ID: 30138513
Property Subtypes: Medical, Office Building
Condo? Yes
Building Size (RSF): 5,731 SF
Sale Price: $545,000
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 701
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/16/2018

Overview / Comments

This is unit 3 of three condo suites all owned by same owner .

Usable sq ft is 2,186. There is a 10% common factor added for common hallway and Bathrooms .2,428 rentable sq ft .
Unit 3 has medical applications with private bathroom , x,ray room central lab work area, Private exam rooms offices , reception and Business office. Adjacent suite is leased by Capitol Physical Therapy consisting of remaining two suites .

The Rented suite consist of 2,988 sq ft at $16 sq ft . Tenant has been in the space long term And is under long term lease.. Owner prefers to sell entire building instead of selling Individual condos.Ideal for owner user with adjacent suite leased

Additional Details

Nearest MSA: Lansing-East Lansing
County: Eaton
Taxing Authority: Delta Township, Eaton county, Waverly Schools
Tax ID/APN: 040-073-700-003-00
Is Condo?: Yes
Zoning: COMMERCIAL 201
Property Located Between: St Joe , On snow south
Property Visibility: Excellent
Highway Access: I-496
Airports: Lansing
Site Description: Site condo Parking lot
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1993
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,545 70,132 146,814
Median Age: 39.94 37.86 36.13
Households: 4,404 30,100 62,364


Photograph of Listing Agent

Kenneth B. Stockwell CCIM,SIOR

Stockwell Real Estate Group, Inc. CPIX Member
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